November 14, 2021
Economy

Greens vow to turn Germany into ‘socio-ecological economy’

Germany’s Green party adopted an election manifesto on Sunday that vowed to transform the country’s economy and fast-track its transition to carbon neutrality by ten years to 2035.

Pledging to turn Germany into a “socio-ecological market economy”, Annalena Baerbock, the party’s candidate for chancellor, this weekend proposed a “pact with German industry”. Companies that became climate neutral and localised their production would receive compensation from the state, she said.

“To those who think too much climate protection endangers prosperity, I would like to say: Yes, in the past, our prosperity was based on burning coal, oil, and gas. But the 20th century is over,” Baerbock said. “The markets of the future will be climate-neutral . . . The question is not whether this will happen, but who will do it best. And I want us to be at the…

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